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Bill > HB5979
MI HB5979
MI HB5979Economic development: Michigan strategic fund; approval and certification of certain research and development tax credits; authorize. Amends title & secs. 7 & 9 of 1984 PA 270 (MCL 125.2007 & 125.2009).
summary
Introduced
09/26/2024
09/26/2024
In Committee
09/26/2024
09/26/2024
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
102nd Legislature
Bill Summary
A bill to amend 1984 PA 270, entitled"Michigan strategic fund act,"by amending the title and sections 7 and 9 (MCL 125.2007 and 125.2009), the title as amended by 2005 PA 225, section 7 as amended by 2020 PA 358, and section 9 as amended by 2024 PA 117.
AI Summary
This bill authorizes the Michigan Strategic Fund to determine the eligibility of and issue certificates to certain persons certified as qualified taxpayers for research and development tax credits allowed under the Income Tax Act of 1967. The bill also requires the fund to cooperate with the Department of Treasury and assist in preparing tax credit reports required under the Income Tax Act. Additionally, the bill makes other minor changes to the reporting requirements for the Michigan Strategic Fund.
Committee Categories
Budget and Finance
Sponsors (3)
Last Action
Bill Electronically Reproduced 10/15/2024 (on 10/15/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://legislature.mi.gov/Bills/Bill?ObjectName=2024-HB-5979 |
| BillText | https://legislature.mi.gov/documents/2023-2024/billintroduced/House/htm/2024-HIB-5979.htm |
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